Thanks for crunching the numbers mmoore.
Share price is getting hammered now that the 'market' has more time to digest the details of the feasibility study. It would be a Herculean task to raise $65m!
I really do see some strong parallels with PGO and the stock treading water even though it has a project worth developing. Its very interesting to see the market treat CMM and PGO and others so harshly, when others have slightly better projects etc.
Management have kind of let the ball drop. Ever dollar they could have raised at a higher price not so long ago would have made it easier for them to raise more now. Not to be so are they going to be like PGO, and just tread water, or find a way to be miners...?
Ann: Feasibility Study Presentation, page-23
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